SmartTRAK examines conditions lowering the flame for Total Joints
Procedural growth strengthened in 2022 giving rise to the hope that a backlog of patients created by the COVID pandemic would return to surgery, stoking the fires of Total Joint Market recovery. However, external market forces appear to be setting the market to simmer in 2023 while other forces influence the recipe for success for market players.
An analyst from JP Morgan has drawn parallels between the current behavior of the US stock and bond markets and the conditions leading up to the 1969 recession, according to a recent Forbes article. Interest rate hikes and high inflation have increased the likelihood that the US economy will face a recession in 2023. But what does that mean for the Total Joints Market?
Among the many topics covered in detail in this comprehensive article are:
- SmartTRAK's Expert Market Analysis and Insights
- Are We Headed for A Recession?
- Reimbursement and Staffing Shortages Could Temper Procedure Growth
- Medicare Reimbursement Updates Compared to Inflation
- Ongoing Shift to Outpatient Surgery
- Growth of Single-Specialty ASCs
- ASC Offered Specialties
- Outpatient Shift Continues to Influence Product Development and Marketing
The shift towards ASC procedures is helping to drive some of the ongoing implant trends such as the growing popularity of dual mobility hips and cementless knees. Multiple studies have shown that..
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